Orbex - Forex Trading Library

The Euro broke above 1.1050 and continues to as projected last week as the next resistance is towards 1.1140. The market could head for a drop to 1.1140 with support at 1.1030-50 before advancing again. Above 1.1140 will be the first…
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After a very busy week of economic data out of the UK, the conclusion seems to be that the Pound Sterling price is due for some weakness, Particularly against the dollar in the lead-up to the Jackson Hole Symposium. Though the immediate…
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XAGUSD hits resistance Silver saw a potential continuation of its recent rally come to a halt, as the 29.00 zone became a firm resistance. The XAGUSD price has sought to consolidate its gains after it cleared this month’s top above 28.50…
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Gold broke above the 2475-95 resistance last week and hit a 2510 high so far. As we see on the chart, the market is facing a support zone around 2469-79. If prices remain above this zone then the rally will sustain with resistance around…
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The Dow managed to break above the resistance of 39875 and managed to hit a high of 40748. As we see over the chart the market could move between the supports levels of 39850 and 39450 and the resistance zone of 40800-900. Above 40900…
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Crude Oil fell below the first support of 76.00 but managed to hold above the second support of 74.20. As long as the market keeps above 74.20, then another advance wave will be expected with resistances around 75.80 and 77.35-55. The…
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GBPUSD managed to advance above 1.2870 the resistance which could push for a further advance. The Market managed to hit the first resistance around 1.2940 which could push for some profit taking. As we see on the chart, the market faces…
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USDJPY fell below the support of 147.80 and managed to move toward and break the support of 146.30. As we see on the chart, the market is facing the first resistance around 146.60-80 . If prices remain below this level then the downtrend…
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The Euro managed to test the resistance zone of 1.1030-50 and dropped toward 1.0950 before rebounding again and testing 1.1030-50. The intraday levels show a possible uptrend channel which still has resistance around 1.1030-50 and…
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